New Modern Salon Amongst Major Retailers For Sale

Business description

A beautiful salon in a high traffic area is being offered for a great price. The business is new, only opened 20 mos. ago. It offers 8 stylist stations with room for adding day spa capabilities (nails, wax, massage).

Anchored in a major shopping center with national and regional retailers. This is a prime opportunity for growth with a recession proof business. Sub-leasing of space will be considered as well.

Property information

Real Estate:

Lease

Lease terms:

2 1/2 yrs remaining on lease, transfer of lease in purchase.

Leasehold rent:

$27,024 per annum

Leasehold rent:

$23 per sq ft per annum

Location:

Cypress, Texas right off of HWY 290 exit and located at 25712 Northwest Freeway at the Cinemark shopping center at Spring Cy-Fair. Excellent location, very high traffic area.

Premises details:

8 salon stations with room for growth or the addition of waxing or day spa activities. Brand new building and excellent condition inside salon.

Size in square feet:

1,150

Other information

Expansion potential:

The potential exists but somewhat limited with the size being roughly 1150 sq ft

Competition / Market:

Very limited, if nail services is added...there is no competition.

Support & training:

Owner willing to work to get buyer transitioned and up to speed.

Reasons for selling:

Spouse's job relocation

Trading hours:

Tues-Sat 10-8, Sunday, Monday-closed

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)